Belrise Industries Plans Rs 2,150 Crore IPO to Reduce Debt

26 Nov 2024 CW Team

Indian automotive component manufacturer Belrise Industries has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise Rs 2,150 billion through an initial public offering (IPO). The offering will be entirely a fresh issue of shares, with no offer for sale (OFS) component. The company is also considering a pre-IPO placement of up to Rs 430 billion, which could reduce the final size of the issue.

Belrise plans to utilize Rs1,618 billion of the IPO proceeds to pay off its debt, which stood at Rs 2,463 billion as of June 2024. With a robust presence in the automotive sector, the company manufactures a range of safety-critical components for vehicles across multiple categories, including two-wheelers, four-wheelers, and commercial vehicles. It has established relationships with major OEMs like Bajaj Auto, Hero MotoCorp, Honda, and Jaguar Land Rover.

The company’s revenue grew 13.7% to Rs 7,484.24 billion in FY24, while profit after tax stood at Rs 310.88 billion. Belrise operates 15 manufacturing facilities across eight states and has expanded its market reach internationally, including to the UK, Japan, and Thailand. Axis Capital, HSBC, Jefferies India, and SBI Capital Markets are managing the IPO.

Infrastructure Urban

09 Jan 2026

Mount Expands Tumkur Facility with New Automated Panel, PEB Lines

Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across pre-engineered building (PEB) and polycarbonate sheets, simultaneously inaugurated its second fully automated continuous sandwich panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur.The milestone expansion, part of a total investment of Rs 250 crore, marks a significant advancement in the company's commitment to engineered performance, manufacturing scale, and industrial growth. The integrated facility spans approx..

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..